BNP Paribas Financial Markets Has $632,000 Stock Position in Stoneridge, Inc. (NYSE:SRI)

BNP Paribas Financial Markets increased its position in Stoneridge, Inc. (NYSE:SRI - Free Report) by 1,412.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,771 shares of the auto parts company's stock after acquiring an additional 94,109 shares during the period. BNP Paribas Financial Markets owned approximately 0.36% of Stoneridge worth $632,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in Stoneridge during the 4th quarter valued at about $25,000. US Bancorp DE increased its stake in Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock valued at $43,000 after buying an additional 2,679 shares during the period. SG Americas Securities LLC acquired a new position in Stoneridge during the 4th quarter valued at about $74,000. Quantbot Technologies LP acquired a new position in Stoneridge during the 4th quarter valued at about $98,000. Finally, Wells Fargo & Company MN increased its stake in Stoneridge by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock valued at $100,000 after buying an additional 3,490 shares during the period. Institutional investors and hedge funds own 98.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Stoneridge from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a research note on Thursday, May 1st.

Stoneridge Price Performance

Shares of SRI traded down $0.03 during mid-day trading on Thursday, hitting $4.85. The company's stock had a trading volume of 163,548 shares, compared to its average volume of 284,404. The firm has a 50-day moving average price of $4.39 and a 200 day moving average price of $5.21. The stock has a market capitalization of $135.03 million, a price-to-earnings ratio of -17.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. Stoneridge, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $18.40.

Stoneridge (NYSE:SRI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The firm had revenue of $217.89 million during the quarter, compared to analyst estimates of $212.42 million. On average, research analysts predict that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.